Bitcoin (BTC) Price

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About Bitcoin (BTC)

The first cryptocurrency based on blockchain technology, or decentralized digital currency with a cryptographic foundation, is called Bitcoin (BTC). In contrast to fiat currencies issued by governments, like as US dollars or euros, which are managed by the nation's central bank, Bitcoin functions independently of a central bank or other organization. Because it is decentralized, users can transmit money to one another directly on a peer-to-peer network without the need for middlemen.

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.